harmony Network

validator address

Guide on How to Stake!

about

Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees.

expected reward rate

8% - 12%

commission

5%

output frequency

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unbonding period

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Harmony’s mission is to scale trust and create a radically fair economy. Our platform is decentralized, scalable and secure to settle any transactions without trusted parties.

frequently asked questions

Here are answers to some of the questions our community has asked us. Get in touch if there’s more you would like to know.

New blocks on the blockchain are proposed by validators. To enable the blockchain to run seamlessly, validators need the technical capabilities to offer a secure, always on infrastructure. Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.

By delegating your tokens, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to your tokens for some time, delegating will help you accumulate more tokens while contributing to the health of the network.

You are not giving away ownership of your tokens by delegating. As a validator, strata one will never have the ability to move your tokens.

Staking usually requires you to lock up your cryptocurrency for a certain period. During this lock-up period, your funds may be illiquid and not readily available for trading or other purposes. If you need quick access to your funds, staking may not be suitable.

You can undelegate at any time but kindly understand that it can take 14 days for your tokens to undelegate and become transferable. During this time you will not earn rewards. When the process is complete, you can transfer/trade your tokens.

We charge 0% - 5% from the block rewards received by our delegators. For example, if a delegator receives 100 tokens as a reward, strata one will receive a maximum of three tokens while the delegator will get a minimum of 95 tokens.